El Dorado, Chicot County, Arkansas Property Taxes

Name: Property Tax Bills Across El Dorado, Chicot County, Arkansas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median El Dorado, AR effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but higher than the Arkansas state median of 0.84%.
Median El Dorado, AR home value: $53,450
Median annual El Dorado, AR tax bill: $465, $1,935 lower than the national median property tax bill of $2,400.

How are property taxes in Chicot County calculated?

Property taxes in El Dorado, AR are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding El Dorado’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in El Dorado, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

El Dorado, Chicot County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$465

$432

Ownwell’s El Dorado Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in El Dorado with just two data points. By entering your property's estimated assessed value, our calculator applies El Dorado’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Union County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across El Dorado, Chicot County, Arkansas

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides it by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, in a nutshell, this is the annual process. In El Dorado, located in Union County, Arkansas, the effective property tax rate is notably lower than the national median. With Arkansas's median property tax rate below the national average, homeowners in El Dorado benefit from lower property tax bills compared to many other areas across the country. For residents, this means more manageable property tax payments, making homeownership more affordable. When compared to other cities in Arkansas, El Dorado's rate remains competitive, offering a favorable environment for both current homeowners and potential buyers. This lower tax burden can be an attractive factor for those considering relocating or investing in property within the region.

Property Tax Rates Across El Dorado, Chicot County, Arkansas

Source: Ownwell

0.92%

1.02%

1.13%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective El Dorado Tax Rate

0.87%

Median Effective Chicot County Tax Rate

0.92%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across El Dorado, Chicot County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
71730	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across El Dorado, Chicot County, Arkansas

When examining property taxes in El Dorado, Arkansas, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Chicot County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Chicot County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in El Dorado. For example, the median home price in El Dorado is $53,450, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across El Dorado, Chicot County, Arkansas

Source: Ownwell

$24,350

$42,575

$60,800

Median El Dorado Market Value

$53,450

Median Chicot County Market Value

$35,600

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across El Dorado, Chicot County, Arkansas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
71730	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across El Dorado, Chicot County, Arkansas

In El Dorado, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is typically a percentage of the market value of the property. In Union County, the property tax rate is relatively low compared to the national median property tax rate of 1.02%. Homeowners in El Dorado can expect a median property tax bill of $465, which is significantly lower than the national median property tax bill of $2,400. Several factors influence the tax bill, including changes in property value and local tax rates. For homeowners, understanding these factors is crucial as they directly impact the amount owed annually. Ownwell offers services to help homeowners navigate the complexities of property taxes. By appealing assessed values and identifying applicable exemptions, Ownwell assists homeowners in potentially reducing their tax bills, ensuring they pay only what is necessary. This can lead to significant savings and provide peace of mind for property owners.

Property Tax Bills Across El Dorado, Chicot County, Arkansas

Source: Ownwell

$236

$413

$590

Median El Dorado Tax Bill

$465

Median Chicot County Tax Bill

$342

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across El Dorado, Chicot County, Arkansas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
71730	N/A	N/A	N/A	N/A	N/A

Source: Ownwell